Target slides after disappointing holiday guidance (TGT)
|11/15/2017||Posted by BusinessMediaguide.Com under General World News||
- Target reported earnings and sales that topped estimates in the third quarter.
- It raised its guidance for the full year, but issued a lower profit forecast for the holiday season.
- Target shares slide after the news.
- To see Target’s stock price, click here.
Target‘s shares slid in pre-market trading after the retailer issued an underwhelming profit forecast for the holiday season.
The company sees earnings of $1.05 to $1.25 per share in the fourth quarter, below the Wall Street estimate of $1.24. Its shares fell more than 5% after the news.
Despite the bleak forecast, the company reported better-than-expected same-store read more >>>